U Mobile to consider sale of telco towers

U Mobile is in talks with potential buyers including Edgepoint Capital Advisors and Edotco Group Sdn Bhd, a telecom infrastructure company, the sources said. U Mobile is still pursuing a planned initial public offering (IPO), the sources said.

KUALA LUMPUR: U Mobile Sdn Bhd, Malaysia’s fourth-biggest phone operator, is considering the sale of its telecommunication towers for about RM500mil, according to sources.

The company is in talks with potential buyers including Edgepoint Capital Advisors and Edotco Group Sdn Bhd, a telecom infrastructure company, the sources said.